Western Asset Municipal Partners Fund Inc

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MNP : NYSE : Financial
$14.64 up 0.04 | 0.27%
Today's Range: 14.55 - 14.639
Avg. Daily Volume: 23900.0
12/05/16 - 12:31 PM ET
  • Last Ratings Update:10/31/2016
  • Price as of 10/31/2016 :$15.78
  • Net Assets:$167.12 Million
  • NAV:$16.9
  • Premium-6.63%
  • Peer Rank:45 of 104
  • Investment Rating:A
  • Performance:A-
  • RiskB
MNP Price Chart


We rate Western Asset Municipal Partners at A. Positive factors that influence this rating include a well above average total return and low price volatility. The fund invests approximately 99% of its assets in bonds and may be considered for investors seeking a Municipal - National strategy.


Total return ranks very high in comparison with peers over the last three years. The Western Asset Municipal Partners has returned an annual rate of 6.07% since inception. More recently, the fund has generated a total return of 6.85% in the last five years, 10.62% in the last three years, and 6.06% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 68% of them. It has also outpaced 93% of its competitors on a three year basis and 71% of them over the last year for the period ending 10/31/2016. On a year to date basis, MNP has returned 4.54%.

Downside risk has been below average. MNP has a draw down risk of -11.10%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 9.9%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $15.78, which is 6.5% below its 52-week high of $16.88 and 0.5% above its 52-week low of $15.70.

High expense ratio hinders performance. On total assets of $167.12 million, MNP maintains a high expense ratio compared to its Municipal - National peers of 1.56% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As MNP is a closed end fund, it has no front end or back end load.

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